Tag Immobilien Ag · XETR:TEG

Tag Immobilien — Investor Day (May 2015)

96 slides from Tag Immobilien's investor day presentation, May 19, 2015

  1. Slide 1: Capital Markets Day 19 May 2015 in Hamburg

    CAPITAL MARKETS DAY 19 May 2015 in Hamburg

  2. Slide 2: Welcome by Martin Thiel CFO

    Welcome by Martin Thiel CFO 22  Presentations I. Claudia Hoyer COO 4 II. Marcel Wiebach Head of Acquisitions and Sales 28 III. Ulrike Bondkirch Head of Financing and Treasury 41 IV. Hendryk Lietzmann Head of Portfolio Management ‘LIM’ Berlin and Brandenburg 55 V. Claudius Oleszak Head of Portfolio

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  4. Slide 4: Claudia Hoyer

    Claudia Hoyer 44 COO Freiberg TAG Immobilien AG | CMD 2015

  5. Slide 5: I. Presentation Claudia Hoyer

    I. Presentation Claudia Hoyer 55  TAG platform 6  portfolio development  TAG 2.0  processing customer request  TAG 2.0  de- centralized management structure  portfolio control centralized functions  SSC and FM services  ERP and judicial rent collection  TAG strategy update 16  portfolio s

  6. Slide 6: TAG platform

    66 TAG platform TAG Immobilien AG | CMD 2015

  7. Slide 7: TAG portfolio development + TAG 2.0

    TAG portfolio development + TAG 2.0 77 portfolio development +11,500 TLG Wohnen GmbH +25,100 DKB Immobilien AG +18,888 Colonia Real Estate AG Define target TAG 2.0 organisational project processes Implement target processes Select Introduce Promos GT Further develop ERP system Phase I Phase II the E

  8. Slide 8: TAG 2.0

    TAG 2.0 88 Due to its huge growth, TAG Group had to become more agile and introduce a greater division of labour ► Initialised the TAG 2.0 project to redesign processes together with our operational staff ► Selected a system with the operational staff and began implementing a uniform, integrated ERP

  9. Slide 9: TAG processing customer requests

    TAG processing customer requests 99 TAG Immobilien AG | CMD 2015

  10. Slide 10: TAG 2.0

    TAG 2.0 10 10  System migration for dkb@win/WODIS/RELion/GES in two stages  Design of new processes based on the process manual and TAG’s technical requirements  Digital invoice approval and processing  Digital warning workflow  Uniform order approval  Introduction electronic tenant and proper

  11. Slide 11: TAG de-centralized management structure

    TAG de-centralized management structure 11 11 LIMs in 9 regions (Heads of Property Management) Rostock Customer service Renting activities  Property management  Re-letting Hamburg  Enhance high tenant satisfaction  Vacancy reduction  Monitor and optimise tenant de-centralised functions and tena

  12. Slide 12: TAG portfolio control – centralized functions

    TAG portfolio control – centralized functions 12 12  Cross-regional control/management of the portfolio: TAG 2.0 (ERP)  Development of site and portfolio management concepts (energy, capex, purchasing, marketing)  Initiation of appropriate pilot projects and organisation of the rollout to all loc

  13. Slide 13: TAG SSC and FM services

    TAG SSC and FM services 13 13 SSC  Centralise any commercial tasks that can be standardised  Ease the burden on operational management  Responsibilities  Accounts receivable/accounts payable  Operational costing  Deposit management  Rent increases  Warning procedures FM services  Own employ

  14. Slide 14: TAG marketing and central purchasing

    TAG marketing and central purchasing 14 14 Marketing  Development of TAG residential brand (Tag wohnen) and local residential brands  Development of "new" product lines  Organisation of all advertising/promotional materials and communications  Assistance with tenant festivals and rental campaign

  15. Slide 15: TAG ERP and judicial rent collection

    TAG ERP and judicial rent collection 15 15 ERP  Standardisation of the system landscape Flow SAP ELO  Overarching SAP solution for central processes Fact  Flexible rental tool Flowfact  ELO archive system  High level of process support  Implementation of defined business processes from the pro

  16. Slide 16: TAG strategy update

    16 16 TAG strategy update TAG Immobilien AG | CMD 2015

  17. Slide 17: TAG portfolio strategy

    TAG portfolio strategy 17 17  TAG is a nationwide real estate company with a focus on former East Germany, northern Germany and the Rhine-Ruhr area. Gera, Zschochernstraße  Clear focus on core business of residential real estate (housing industry)  Focus in purchasing is on real estate with susta

  18. Slide 18: TAG capital recycling strategy since Q4 2014

    TAG capital recycling strategy since Q4 2014 18 18 yy TAG constantly analyses regional markets and its portfolio to determine the best point in time to realise highest value by targeted disposals Sales Acquisitions Sale of residential  Units: 3,500  Units: 3,150 Re-investments in properties  Net

  19. Slide 19: TAG portfolio data

    19 19 TAG portfolio data TAG Immobilien AG | CMD 2015

  20. Slide 20: TAG portfolio overview as of 31 March 2015

    TAG portfolio overview as of 31 March 2015 20 20 Portfolio as of 31 Mar 2015 31 Dec 2014 Units 75,223 72,530 Rentable area in sqm 4,615,148 4,436,670 Real estate volume in TEUR 3,507,110 3,371,269 Net actual rent in EUR/sqm/month (total) 5.13 5.16 Net actual rent in EUR/sqm/month (residential units)

  21. Slide 21: TAG management principles

    21 21 TAG management principles TAG Immobilien AG | CMD 2015

  22. Slide 22: TAG management principles

    TAG management principles 22 22 Smart concepts - better development  Custom living  Living with families  Homes for the elderly / Senior living  Neighbourhood development Goal  More satisfaction, more retention  Attractiveness through renovation  More quality, better service  Reduction of ut

  23. Slide 23: TAG management principles

    TAG management principles 23 23 Attractiveness through renovation  Extensive renovation and modernisation programme fuelled by the favourable market situation and declining vacancy rates  Individual planning of measures by technical account managers in each LIM (Head of Property Management) region

  24. Slide 24: TAG example: Erfurt

    TAG example: Erfurt 24 24 Implementation of a long-term portfolio development concept Example: Prager Strasse and Berliner Strasse in Erfurt Prager Str. 11-13 Prager Str. 1-4 Prager Strasse 8-10 Successive renovation/modernisation, including  Entrances/concierge  Stairways  installation of lifts

  25. Slide 25: TAG management principles

    TAG management principles 25 25 More quality, better service  Individual tenant services at all locations through 65 regional tenant offices  Individual tenant services at all locations through 65 regional tenant offices  Optimise operating/overhead costs and reduce utility charges through regula

  26. Slide 26: TAG management principles

    TAG management principles 26 26 More responsibility, more commitment  High degree of networking/linking and support of public life in clubs, charitable institutions and district offices  Sponsorship of social and cultural projects in the regions (e.g. day care centres, youth fire brigades, sports

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  28. Slide 28: Marcel Wiebach

    Marcel Wiebach 28 28 Head of Acquisitions and Sales Gera TAG Immobilien AG | CMD 2015

  29. Slide 29: II. Presentation by Marcel Wiebach

    II. Presentation by Marcel Wiebach 29 29  TAG acquisitions and sales department 30  TAG acquisition criteria 31  TAG acquisition process 32  TAG due diligence process 33  TAG acquisition process ‘Brick’ 34 36  TAG acquisition 2014/2015 38  TAG sales decisions 39  TAG disposals 2014/2015 TAG

  30. Slide 30: TAG acquisitions and sales department

    TAG acquisitions and sales department 30 30 Acquisitions Management Board  TAG’s strategy approach Financing  TAG is a long-term investor holder and realises capital appreciation legal potential within the portfolio through active asset management as well as Control strategic acquisitions Manageme

  31. Slide 31: TAG acquisition criteria

    TAG acquisition criterea 31 31 I. Increases NAV & cash flow & FFO II. Portfolio at existing TAG locations - focus on the 9 TAG regions  The necessary infrastructure for administration already exists there • Marginal costs for asset and property management • Economies of scale III. Size of deal < E

  32. Slide 32: TAG acquisition process

    TAG acquisition process 32 32 Offer documentation & database  > 800 offers with a volume of over EUR 9.2 bn Preliminary review of offer & indication  approx. 211,000 RU and approx. 6,000 CU  Profile suitability  Purchase price indication Purchase presentation and preparation of decision Due dili

  33. Slide 33: TAG due diligence process

    TAG due diligence process 33 33 Due Diligence Process No Inspection level field 1 General technology 2 Fluctuation (tenant churn/turnover) 3 Rental securities / Deposit 4 Rent and surfaces Portfolio Rent arrears / List of account balances / Rent 5 reductions 6 Ongoing litigation (active / passive) 7

  34. Slide 34: TAG acquisition process (BRICK example)

    TAG acquisition process 34 34 Using the example of BRICK (acquired in Dec. 2013)  Facts & figures - Portfolio spread over 14 cities in 7 states - Number RU/CU: 2,918 - Surface area: ca. 171,000 sqm - Vacancy by surface area : ca. 12.6 % - Rent net of utilities p.a.: ca. EUR 8.6 m  Notes:  Year of

  35. Slide 35: TAG acquisition process (BRICK timeline)

    TAG acquisition process 35 35 Using the example of BRICK 05/2013 Expert meetings about legal 12/2012 and fiscal framework First conversation about acquisitions with RBS 04/2013 09/2013 Successively 10/2012 Start sales contract from 03 to 06/2014 Sign Prepare data room/property documents negotiations

  36. Slide 36: TAG acquisitions in 2014/2015

    TAG acquisitions in 2014/2015 36 36 ‘Oracle’ ‘Elad’ ‘Obelix’ Others Total ‘Risedale’ Signing Thuringia Saxony Germany Aug./Nov. 2014 Germany Feb. 2014 Sep. 2014 Nov. 2014 2014 May 2015 Units 4,000 1,500 2,300 1,100 8,900 860 Floor area in sqm 236,000 85,400 150,200 68,500 540,100 49,900 Net rental 5

  37. Slide 37: TAG acquisitions 2014/2015

    TAG acquisitions 2014/2015 37 37 Oracle Feb. 2014 4,000 RU/CU PP EUR 120.5 m Multiplier 9.7 x Risedale May 2015 860 RU/CU PP EUR 18.6 m Multiplier 7.9 x TAG Immobilien AG | CMD 2015

  38. Slide 38: TAG Sales decisions

    TAG Sales decisions 38 38 -> Optimising the portfolio through disposals  Focus on residential – successive and selected sales of commercial units  Examples:  Structured bidding process –Südtor, Stuttgart in 2015  Portfolio optimisation through sale of residential property  in selected locations

  39. Slide 39: TAG disposals in 2014/2015

    TAG disposals in 2014/2015 39 39 Berlin Berlin Others Total Berlin (Marzahn) (Staaken et al.) 2014 2014 Apr. 2015 Nov. 2014 Dec. 2014 Units 2,600 900 600 4,100 970 Net rental 4.89 4.97-7.53 --- --- 5.26 EUR/sqm/month Net actual rent p.a. 9.4 4.1 0.9 14.4 3.5 EUR m Berlin (Staaken) Vacancy 1.2% 1.8%

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  41. Slide 41: Ulrike Bondkirch

    Ulrike Bondkirch 41 41 Head of Financing and Treasury Paradieshof, Hamburg TAG Immobilien AG | CMD 2015

  42. Slide 42: IV. Presentation Ulrike Bondkirch

    IV. Presentation Ulrike Bondkirch Head of Financing / Treasury 42 42  TAG - structure of the Finance / Treasury department 43  TAG - financing structure – bank loans 44  TAG - debt financing structure 45  TAG - financing procedure 46  TAG – loan agreements 47  TAG – financing portfolio ‘Obelix

  43. Slide 43: TAG structure of the Finance / Treasury department

    TAG structure of the Finance / Treasury 43 43 department Martin Thiel Ulrike Bondkirch Treasury / Financing Cash Management TAG Immobilien AG | CMD 2015

  44. Slide 44: TAG financing structure – bank loans

    TAG financing structure – bank loans 44 44 Interest charges significantly reduced Loan periods (maturities) significantly extended years 4.40% 12 4.20% 11 10 4.00% 9 3.80% 4.20% 4.23% 8 11.0 3.60% 9.2 9.4 7 3.70% 3.40% 6 5.4 3.40% 3.20% 5 31.12.2011 12/31/2011 31.12.2012 12/31/2012 31.12.2013 12/31/

  45. Slide 45: TAG debt financing structure

    TAG debt financing structure 45 45 Debt maturity profile as of 31-March-2015 in EUR m Interest rates and maturities Current Average Maturity/Refi Average amount interest nancing in interest rate rate the next (refinancing 3 years in the next (in EUR m) 3 years) In €m 310 Bonds 435 4.52% - - Converti

  46. Slide 46: TAG financing procedure

    TAG financing procedure 46 46 Report on financing portfolio Bank 1 Bank 2 Bank 3 Term Sheet 1 Term Sheet 2 Term Sheet 3 Term Sheet with the best terms/ conditions is accepted / signed Real estate Decision by the valuation Draft loan documentation Negotiations bank panel Payment Create loan charges,

  47. Slide 47: TAG loan agreements

    TAG loan agreements 47 47 What is important to us in a loan agreement?  Loan amount  Maturity / interest periods  Margin  Amortisation / Repayment  Handling fee, expert fees, commitment interest, etc.  Collateral  Covenants and recovery options  Obligation to inform  Measures subject to app

  48. Slide 48: TAG financing portfolio 'Obelix' in northern and eastern Germany

    TAG financing portfolio ‘Obelix’ in northern and 48 48 eastern Germany  Purchase of 2,300 RU in November 2014 Dresden  Resulting financing portfolio with 1,971 RU - Low vacancy rates 3.8% - Refurbished, maintained condition - Portfolios in western and eastern Germany state units area in sqm percen

  49. Slide 49: TAG financing portfolio Chemnitz / Freiberg / Dessau

    TAG financing portfolio Chemnitz / Freiberg / 49 49 Dessau Dessau  Purchase in September 2014  Portfolio with refurbishment backlog and some high vacancy rates in good location Freiberg Chemnitz parking vacancy parking net actual rent net actual rent city units area in sqm vacancy in % (places) in

  50. Slide 50: TAG financing TAG Wohnen

    TAG financing TAG Wohnen 50 50 (formerly TLG Wohnen) On acquisition of the company:  Loan balance EUR 259 m  Average interest rate 4.4% After refinancing:  Loan balance EUR 341 m  Average interest rate 2.45% Keeping the ‘gems’ based on Federal Government credit rating Formation of 5 clusters to

  51. Slide 51: TAG documentation differs…

    TAG documentation differs… 51 51 xxxxxxxxxxxxxxxxxxx TAG Immobilien AG | CMD 2015

  52. Slide 52: TAG why bank loans?

    TAG why bank loans? 52 52 ADVANTAGES  Independence  Minimises financing risks  Possibility of adapting / amending ongoing contract  Recovery mechanisms in case of breaches  Long loan periods with various interest periods  For TAG, the most cost-effective way to borrow capital DISADVANTAGES  L

  53. Slide 53: TAG bank communication

    TAG bank communication 53 53 Our approach to working with funding partners Open dealings Transparency Trust in a spirit of partnership TAG Immobilien AG | CMD 2015

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  55. Slide 55: Hendryk Lietzmann

    Hendryk Lietzmann 55 55 Head of Portfolio Management ‚LIM‘ Berlin, Brandenburg Ludwigsfelde TAG Immobilien AG | CMD 2015

  56. Slide 56: IV. Presentation Hendryk Lietzmann

    IV. Presentation Hendryk Lietzmann 56 56  TAG organisation of the LIM region Berlin 57  TAG regional challenges in the Berlin/Brandenburg region 58  TAG examples of successful asset management from the past: Marzahn, Bestensee 59  TAG past integration processes (Colonia, DKBI, TLG, etc.) 74  TA

  57. Slide 57: TAG organisation of the LIM region Berlin

    TAG organisation of the LIM region Berlin 57 57 Head of Property Management Berlin / Brandenburg H. Lietzmann Team Team Team Team Team Team Technical customer Berlin Berlin Hellersdorf Nauen Bestensee Eberswalde Strausberg Back office service 2,609 units 966 units 2,350 units 2,387 units 1,092 units

  58. Slide 58: TAG regional challenges in the region

    TAG regional challenges in the region 58 58  Very large catchment area (from Prenzlau to Cottbus and Frankfurt/Oder to Premnitz) Prenzlau Frankfurt Oder  Very diverse markets (from Berlin Zehlendorf to Jänschwalde Ost)  Many contacts and communities  Very diverse tenant clientele (from former NV

  59. Slide 59: TAG examples of successful AM – general

    TAG examples of successful AM – general 59 59  Cooperation with the districts, towns and municipalities (e.g. Eberswalde Housing Forum, Mayor of Bestensee and many more)  Participation on district council in Marzahn, Hellersdorf and Eberswalde  Refurbishment of empty housing in tight markets to a

  60. Slide 60: TAG examples of successful AM – general

    TAG examples of successful AM – general 60 60 Employee motivation  Flat hierarchies  Performance-based pay  Participation in the company's success  Team events  Modern workplace  Latest ERP system (digital support)  Fresh fruit and free drinks  Ongoing rent law seminars  Individual professi

  61. Slide 61: TAG example of successful AM - Marzahn

    TAG example of successful AM - Marzahn 61 61 Berlin Marzahn Key take-aways of successful asset management by TAG:  Strict receivables management Facts and Figures:  Implementation of a significantly improved tenant structure  Adapt standard residential units to the requirements of the market and

  62. Slide 62: TAG examples of successful AM - Marzahn

    TAG examples of successful AM - Marzahn 62 62 TAG Immobilien AG | CMD 2015

  63. Slide 63: TAG examples of successful AM - Marzahn

    TAG examples of successful AM - Marzahn 63 63 TAG Immobilien AG | CMD 2015

  64. Slide 64: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 64 64 Vacancy development refurbished/ partly refurbished units Best situation in refurbished portfolio  Friedenstr. 24 1 flat of 35 units (turnover)  Friedenstr. 17 fully let (45 units)  Friedenstr. 7 4 flats of 45 units (since 1st May 2015 / turnover) 

  65. Slide 65: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 65 65 Friedenstrasse 7a-c  Construction period  New balconies (30 units)  30 Jun 2013 – 31 Mar 2014  Utilities duct renovation/heating and electric/ventilation  Surface area old/new  2,233 / 2,301  Flat refurbishment (26 units) incl. floor plan change

  66. Slide 66: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 66 66 Overview of floor plan variations TAG Immobilien AG | CMD 2015

  67. Slide 67: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 67 67 TAG Immobilien AG | CMD 2015

  68. Slide 68: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 68 68 Friedenstr. 4 a-c  Construction period  New built-on balconies (30 units)  7/2014 – 12/2014  Complete utilities duct renovation/heating and electric/ventilation  Surface area old/new  Flat refurbishment (16 units) incl. some floor plan changes 

  69. Slide 69: TAG Examples of successful AM - Bestensee

    TAG Examples of successful AM - Bestensee 69 69 Special features – Floor plan alterations 1st – 4th floor  New: spacious 4-room flats have been created instead of small 5-room flats  Open-plan kitchens with lots of natural light were created TAG Immobilien AG | CMD 2015

  70. Slide 70: TAG Examples of successful AM - Bestensee

    TAG Examples of successful AM - Bestensee 70 70 Friedenstr. 3 a-d  Planning/site setup/construction site equipment  Construction period  Energy-saving roof and façade renovation in accordance with EnEV 2014  5/2015 –06/2016  Stairway and cellar renovation  Surface area old/new  Dismantling/ne

  71. Slide 71: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 71 71 Special features – Floor plans of property  Sample layout of property, ground floor  20 x 54 m² 4-room flats  20 x 67 m² 4-room flats TAG Immobilien AG | CMD 2015

  72. Slide 72: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 72 72 Special features – Floor plan alterations  Final draft: sample plan for ground floor (1st - 4th floor are identical to ground floor)  Lift shaft from the outside (sufficient space for zimmer frames (walkers), etc.), disabled access to all flats  Con

  73. Slide 73: TAG examples of successful AM - Bestensee

    TAG examples of successful AM - Bestensee 73 73 Special features – Floor plan alterations  Draft: sample layouts for 1- and 2-BR flats TAG Immobilien AG | CMD 2015

  74. Slide 74: TAG Portfolio Integration

    TAG Portfolio Integration 74 74 Strong growth in recent years through various new acquisitions  growth of the Berlin/Brandenburg branch from approximately 3,000 approx. 7,700 units in the existing portfolio units to over 13,000 units in the last four years  individual acquisitions 2011 Takeover Co

  75. Slide 75: TAG Portfolio Integration

    TAG Portfolio Integration 75 75 Solution strategies/implementation At staff level At property level  Introduce uniform procedures and processes  Structured approach to new acquisitions  Uniform ERP system  If possible, take over tenant and caretaker services  Uniform tenant correspondence  Com

  76. Slide 76: TAG brief introduction to ERP system

    TAG brief introduction to ERP system 76 76 High level of process support by overarching SAP solutions for cetral processes  Mailbox  purchase orders, invoice processing, reminder workflow, CRM – ticket system, templates  Craftsman links  Invoice workflow  already more than 200,000 invoices chan

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  78. Slide 78: Claudius Oleszak

    Claudius Oleszak 78 78 Head of Portfolio Management ‚LIM‘ Salzgitter TAG Immobilien AG | CMD 2015

  79. Slide 79: V. Presentation Claudius Oleszak

    V. Presentation Claudius Oleszak 79 79  Salzgitter portfolio: from 2002 until today 80  Salzgitter portfolio: Overview of the portfolio 81  Salzgitter portfolio: Overview of social networks 82  Salzgitter projects 83  renting to senior citizens  inter-generational lounge  voices from the inte

  80. Slide 80: Salzgitter portfolio from 2002 until today

    Salzgitter portfolio from 2002 until today 80 80 History of the Salzgitter portfolio from 2002 until today TAG Immobilien AG | CMD 2015

  81. Slide 81: Salzgitter portfolio overview of the portfolio

    Salzgitter portfolio overview of the portfolio 81 81 Portfolio Space * Units * Lebenstedt 356,296 m² 6,266 Fredenberg 154,993 m² 2,081 Hallendorf 21,043 m² 365 Total 532,331 m² 8.712 Vacancy 15.48 % Net Ø rent EUR 4.72 /sqm As of: March 2015 Total hectares: 137.00 ha -of which paved 20.00 ha -of whi

  82. Slide 82: Salzgitter portfolio overview of social networks

    Salzgitter portfolio overview of social networks 82 82 TAG Immobilien AG | CMD 2015

  83. Slide 83: Salzgitter project renting to senior citizens

    Salzgitter project renting to senior citizens 83 83 Senior-friendly housing  In cooperation with Caritas we advise our senior tenants on housing  Implementation of measures in the unit to uphold the quality of housing and life of senior citizens (more than 300 measures already implemented)  Creat

  84. Slide 84: Salzgitter project inter-generational lounge

    Salzgitter project inter-generational lounge 84 84 ‘Caring community’ in the Martin Luther district Inter-generational lounge in the Lebenstedt district of Salzgitter offers from Diakonie Salzgitter (Protestant social and welfare organisation) in conjunction with TAG:  Senior-friendly design of fla

  85. Slide 85: Salzgitter project inter-generational lounge

    Salzgitter project inter-generational lounge 85 85 ‘Caring community’ in the Martin Luther district: Development  Opened in August 2013  Community kitchen  Open dining room  Office for Diakonie educational employee  Addition of 1st phase of construction in 2014  Activity and craft room for chi

  86. Slide 86: Salzgitter project voices from the inter-generational lounge

    Salzgitter project voices from the 86 86 inter-generational lounge Tenants: "The inter-generational lounge in the Martin Luther district has become a meeting place for young and old. It helps to give my sometimes ‘worthless and lonely’ daily routine a structure and makes my life worth living again”

  87. Slide 87: Salzgitter project AWiRA Wohncafé

    Salzgitter project AWiRA Wohncafé 87 87 AWiRA Wohncafé (Residential café) in the Fredenberg district of Salzgitter - opened in November 2014  Collaboration between TAG and the AWO (Workers' Welfare Association) District Association in the Salzgitter-Wolfenbüttel district  Neighborhood meet-up with

  88. Slide 88: Salzgitter project long-term neighbourhood planning and development

    Salzgitter project long-term neighbourhood 88 88 planning and development Retirement home with 132 places in Fredenberg = 124 single and four double rooms  Demolition of an un-renovated tower block at Hans-Böckler-Ring 25 in 2011  Sold to Care Center Invest GmbH, Hanover  Conversion of two existi

  89. Slide 89: Salzgitter project growing older in Fredenberg

    Salzgitter project growing older 89 89 in Fredenberg Senior-friendly modernisation of "Munte houses"  Energy-saving refurbishment of the reinforced-concrete structures incl. façade upgrade  Modern layout incl. bathroom conversion  Access for wheelchairs, Zimmer frames and prams with lighted paths

  90. Slide 90: Salzgitter project 'Jumpers' in Lebenstedt

    Salzgitter project ‘Jumpers’ in Lebenstedt 90 90 Children's and youth club in the Lebenstedt district of Salzgitter – opened in February 2015  Collaboration between Jumpers - Jugend Mit Perspektive e. V. and TAG  22 percent of residents in District 55 are aged under 20; over 50 percent have immigr

  91. Slide 91: Salzgitter project Social Netzwerk sn.sz

    Salzgitter project Social Netzwerk sn.sz 91 91 Advice centre - helping people to help themselves, housing projects and more  Collaboration between Diakonie Himmelsthür e. V., Daheim statt Heim GmbH, Schlossstrasse Outpatient Psychiatric Care, Iki Tane, Dr. Frontheim Clinic and TAG  Individual assi

  92. Slide 92: Salzgitter projects currently ongoing…

    Salzgitter projects currently ongoing… 92 92 For children and teens:  ‘Violence-free learning’ to allow students to go to school without fear of violence – initiation and course funding for years 5, 6 and 7 at two secondary schools in the Fredenberg district of Salzgitter  Primary school pupils in

  93. Slide 93: Salzgitter TAG/AWO project language lessons for migrants

    Salzgitter TAG/AWO project language lessons 93 93 for migrants in Salzgitter Winner of the Braunschweig Chamber of Industry and Commerce (IHK) 2013 Social Transfer Prize TAG Immobilien AG | CMD 2015

  94. Slide 94: Salzgitter vacancy June 2011 to March 2015

    Salzgitter vacancy June 2011 to March 2015 94 94 Development of vacancy in % (area) in total Salzgitter region, Lebenstedt, Fredenberg Entwicklung des Leerstandes in % (Fläche) Gesamt, Lebenstedt, Fredenberg 35,0% 32,8% 33,0% 33,0% 32,2% 32,2% 31,6% 30,7% 30,3% 29,6% 30,0% 28,5% 27,5% 27,4% 26,4% 24

  95. Slide 95: Thank you for your interest.

    95 95 Thank you for your interest. TAG Immobilien AG | CMD 2015

  96. Slide 96: TAG Contacts

    96 96 TAG Contacts Martin Thiel Dominique Mann TAG Immobilien AG CFO Head of Investor & Public Relations Steckelhörn 5 Fon: +49 40 380 32-222 Fon: +49 40 380 32-305 20457 Hamburg Fax: +49 40 380 32-388 Fax: +49 40 380 32-388 Fon: +49 40 380 32-0 ir@tag-ag.com ir@tag-ag.com Fax: +49 40 380 32-388 www

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